Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Sunnova Energy International Inc (NYSE: NOVA) closed at $3.41 down -13.01% from its previous closing price of $3.92. In other words, the price has decreased by -$13.01 from its previous closing price. On the day, 9.9 million shares were traded. NOVA stock price reached its highest trading level at $3.8 during the session, while it also had its lowest trading level at $3.36.
Ratios:
For a deeper understanding of Sunnova Energy International Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.86. In the meantime, Its Debt-to-Equity ratio is 4.64 whereas as Long-Term Debt/Eq ratio is at 4.45.
On December 19, 2024, TD Cowen started tracking the stock assigning a Hold rating and target price of $5.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 19 ’24 when ROBERTSON CORBIN J III bought 35,000 shares for $3.56 per share. The transaction valued at 124,498 led to the insider holds 120,048 shares of the business.
Mohamed Akbar bought 50,000 shares of NOVA for $177,960 on Nov 19 ’24. The Director now owns 402,654 shares after completing the transaction at $3.56 per share. On Nov 18 ’24, another insider, Williams Eric Michael, who serves as the EVP, Chief Financial Officer of the company, bought 13,800 shares for $3.60 each. As a result, the insider paid 49,680 and bolstered with 13,800 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOVA now has a Market Capitalization of 426089728 and an Enterprise Value of 9368346624. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.53 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 11.566 whereas that against EBITDA is 312.153.
Stock Price History:
The Beta on a monthly basis for NOVA is 2.30, which has changed by -0.6743076 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, NOVA has reached a high of $13.08, while it has fallen to a 52-week low of $2.99. The 50-Day Moving Average of the stock is -21.30%, while the 200-Day Moving Average is calculated to be -44.44%.
Shares Statistics:
For the past three months, NOVA has traded an average of 10.80M shares per day and 8301550 over the past ten days. A total of 124.92M shares are outstanding, with a floating share count of 108.63M. Insiders hold about 13.06% of the company’s shares, while institutions hold 98.44% stake in the company. Shares short for NOVA as of 1734048000 were 34041312 with a Short Ratio of 3.15, compared to 1731628800 on 32912875. Therefore, it implies a Short% of Shares Outstanding of 34041312 and a Short% of Float of 36.560002000000004.
